Always a sector to watch, the Bitcoin mining space is host to several narratives that are worth a closer look today, as fresh capital and competition enter the market. Among these are the geographic distribution of hash power, mining hardware hierarchy and mining pool offerings. 

On this episode of Bitcoin Magazine’s “Bitcoin In Asia,” Nishant Sharma, a long-time bitcoin mining industry insider in China who is now a founder and partner of BlocksBridge Consulting — a communications strategy and advisory firm focused on the bitcoin mining sector that serves some of its largest companies — helped break down these narratives with some additional historical context. 

Sharma explained how the negative news around flooding in Sichuan has been overblown and mining dominance from China is not changing anytime soon. He also discussed why the decentralization of mining geographically is still a real event, with North America and Russia as growing markets. He also laid out the landscape of mining pool competition: how it has developed and experienced incredible turnover over the years and what new competition and products are shaping its future. 

See Also

Check out our video walkthrough on Unchained Capital’s Caravan tool for utilizing multisig bitcoin wallet security.

The mining hardware space has experienced less turnover, with Bitmain taking a dominant position early, and Sharma handicapped MicroBT’s rise and the factors at play for hardware moving forward, including the significance of Digital Currency Group entity Foundry’s partnership with MicroBT and the entrance of additional institutional capital.

American Crypto Association Exclusives!

Bookmark the site and sign up for relevant alerts, trading tips, masternode updates and important news hosted within our exclusive newsletter. Valued at $3,588, we are offering this service free for one year!

Get onboard now!

Exclusive Newsletter!

Sign up for exclusive trading tips, masternode updates and important news hosted within our newsletter!
!
!
Terms and Conditions checkbox is required.
Something went wrong. Please check your entries and try again.
Translate »
Scroll to Top